Croatia: Djuro Djakovic Interested in Power Plants Acquisition

15:59 - 08 May 2006 - The company invested a total of EUR 850.000 in business premises spanning over 1.100 square metres, while the official opening of new business premises was scheduled for the fall 2006, 'CT' reports.

With the completion of the construction of the business centre in Oberhausen, Djuro Djakovic Montaza celebrated its 80th anniversary and 50 years of business operations in Germany.
The opening of this facility, after the company established its first affiliate in Oberhausen in 1961, also means that Montaza would for the first time have its own premises in this city.

"This would significantly improve our operations in Germany, while our assembly technicians would no longer have to travel back to Croatia for necessary training," said Montaza Director Darko Katic.

For the past 50 years, during which the company is present in Germany, Montaza has taken part in construction of 80 power production facilities in this country.

At the moment, the company employs 325 workers in Germany throughout 15 construction sites, some of them including the largest waste burning facility in Germany located in Stuttgart and two energy production facilities in Hamm - Uentrop.

As Germany would be initiating in 2007 a new investment cycle for construction of large power plants, Djuro Djakovic hopes to take part in these projects, as the company hires skilled workers, offering at the same time good quality, price and respecting of necessary deadlines, said Montaza Germany Director Jozo Nikolic.

Montaza is currently engaged in projects throughout Germany earning the company a total of EUR 20 million per year, which is almost half of all earnings generated by the company.

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